Film and TV finance firm FilmHedge has joined forces with Riveting Entertainment Group in a $25 million first-look financing manufacturing partnership to considerably increase Riveting Films.

The firms will collaborate on a broad slate of function size movies with the primary one deliberate to start manufacturing throughout the 12 months. The deal was revealed on the ongoing Cannes Film Market, the place FilmHedge is a sponsor of the Producers Network and the International Film Finance Forum.

In addition to the financing deal, movie and TV manufacturing firm Southbox Entertainment (“Collateral Data,” “Witch Hunt”) has the choice to supply supplementary fairness financing to the collaboration, in addition to future productions from Riveting Films.

The CEO of FilmHedge and Southbox Entertainment, Jon Gosier, will assume the roles of investor and strategic advisor at Riveting. Gosier’s background contains founding Audigent, a music-tech platform offering artists like Camila Cabello, Eminem, Post Malone, Blake Shelton, Bruno Mars, Ed Sheeran, Shakira, Rihanna, Jay-Z, and others with new methods of understanding and monetizing viewers knowledge.

Founded in 2020, FilmHedge is a fintech platform that gives non-public credit score and financing options to certified TV and movie producers, providing as much as $10 million per movie or TV manufacturing. In 2022 FilmHedge closed $100 million in financing.

Riveting’s shopper record contains Lady Gaga, Justin Bieber, Drake, DJ Khaled, Chris Brown, Redman, Backstreet Boys, Diddy, Mary J Blige, Post Malone, G-Eazy, Nicki Minaj, Tyga, Usher and extra and the corporate launched function documentary “Mary J Blige: Strength of a Woman.”

Gosier stated: “Riveting Entertainment Group is one of the industry’s most well-respected creators of music videos and documentaries, having produced videos for many of this generation’s chart-toppers. Our investment in Riveting Films will propel the company’s transition to the production of original feature length film and TV content. We look forward to working with the incredibly talented team at Riveting as they expand their pursuit of creating culturally-relevant stories.”

Andrew Listermann, founder and CEO of Riveting Entertainment Group, added: “A world of opportunity lies ahead for Riveting as we enter an aggressive expansion phase in partnership with Jon Gosier, FilmHedge, and Southbox Entertainment, whose investment speaks volumes to our shared filmmaking vision. We are particularly excited about building our film and TV catalog alongside Jon and his team, who will be instrumental as we grow.”

Gosier will attend the Producers Network breakfast on May 22, the place he’ll host a dialogue on non-public movie finance.